ASSET RECOVERY: ABACHA II AND III AGREEMENTS

In December 2017, a Memorandum of understanding (MoU) legally
binding tripartite agreement was signed in Washington, D.C, between the Government
of the Federal Republic of Nigeria, Federal Council of Swiss Confederation (Swiss
Government) and the World Bank to repatriate $322.5M Abacha Loot to her country
of origin (Nigeria).

Again, in February 2020, the Federal Government, the United States of America and the Island of Jersey-a British enclave, signed a tripartite agreement to repatriate another tranche of over $311 million funds allegedly looted by late former Head of State, Sani Abacha, back to Nigeria.